New video by Pakistan to present 'mini-budget' today amid balance of payments squeeze Geo News on YouTube

Pakistan to present 'mini-budget' today amid balance of payments squeeze
Pakistan to present 'mini-budget' today amid balance of payments squeeze ISLAMABAD: Finance Minister Asad Umar is due to announce a package of measures to shore up strained public finances in a “mini-budget” on Wednesday that comes only months after the government presented its last finance plan in September. Measures are expected to include higher taxes on luxury items, mobile phones, and large cars as well as cuts in import duty for some machinery and raw materials imports to try to boost local industry and help exporters. But the main thrust of the package will be on creating better conditions for investment in an economy struggling from severe pressure on its public finances and facing a balance of payments crisis with foreign exchange reserves sufficient to cover less than two months of imports. #GeoNews #GeoBreakingNews #GeoSpecialReports

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